Welcome to our dedicated page for Cae news (Ticker: CAE), a resource for investors and traders seeking the latest updates and insights on Cae stock.
CAE Inc (CAE) is a global leader in simulation-based training solutions for aviation, defense, and healthcare sectors. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological innovations, and strategic initiatives.
Access real-time announcements including quarterly earnings reports, government contract awards, and training technology advancements. Our curated collection features official press releases alongside verified third-party coverage of CAE's global operations across 35+ countries.
Key focus areas include civil aviation training program expansions, defense sector simulation updates, and healthcare education partnerships. Bookmark this page for streamlined access to critical information about CAE's market position, product launches, and industry leadership in immersive training solutions.
CAE has announced a partnership with Piper Aircraft to develop an electric conversion kit for the Piper Archer® aircraft. This initiative is set to electrify two-thirds of CAE's Archer training fleet and includes collaboration with H55 for battery systems and Safran for the electric smart motor. The project is part of CAE's $1 billion investment in innovation over five years, supported by the Canadian and Quebec governments. The electric variant aims to reduce carbon emissions and noise levels at flight schools globally, enhancing the sustainability of aviation practices.
Vertical Aerospace (NYSE: EVTL) has selected CAE (NYSE: CAE) as its training partner for the VX4 eVTOL aircraft. This partnership includes the development of a tailored pilot training program using next-gen flight simulators. Both companies share a customer base, facilitating the integration of Advanced Air Mobility training. The collaboration aims to enhance safety and scalability in pilot training, with efforts commencing three years before the VX4's expected 2025 entry into service.
CAE has relaunched its Women in Flight scholarship program at the Farnborough International Airshow 2022 to inspire more women to become commercial pilots. easyJet is partnering with CAE, offering one candidate a job opportunity and funding for pilot training. Since its inception in 2018, six women have benefitted from the program. Currently, only 5% of professional pilots are women. CAE aims to address this gender gap and fulfill the industry's need for 260,000 new pilots in the next decade.
CAE unveiled a new visual brand identity and logo, signaling a commitment to innovation as it celebrates 75 years in the industry. This refresh aims to reflect CAE's bold vision for the future and its mission of enhancing safety through advanced technologies. Recently, CAE made nine acquisitions, expanding its capabilities and indicating strategic growth. The company will invest C$1 billion in innovation over the next five years, integrating digital and physical realms to improve training and operational solutions.
CAE has released its Annual Activity and Corporate Social Responsibility (CSR) report, showcasing achievements in environmental, social, and governance (ESG) initiatives. Key highlights include:
- Environmental: Achieved carbon neutrality for two consecutive years and utilized renewable energy across its operations.
- Social: Supported humanitarian efforts in Ukraine and Germany, while reinforcing human rights practices.
- Governance: Completed a CSR roadmap and enhanced supply chain management.
CAE continues to integrate sustainability into its core strategy, impacting customer experience positively.
On June 22, 2022, CAE's President and CEO, Marc Parent, was honored as a Knight of the Ordre national du Québec, recognizing his significant contribution to Québec's economy. Under his leadership, CAE expanded its capabilities with nine acquisitions since March 2020 and became the first Canadian aerospace firm to achieve carbon neutrality in 2020. Mr. Parent also played a pivotal role in launching a COVID-19 vaccination initiative in Québec that administered nearly 400,000 doses. Recently, he was inducted into Québec's Air and Space Hall of Fame for his leadership and innovation.
CAE has partnered with Behaviour Interactive to integrate video game technology into large-scale training solutions. This collaboration aims to create innovative training technologies that enhance safety and operational efficiency. CAE will gain exclusive access to Behaviour's multidisciplinary teams, boosting its capabilities in immersive digital solutions. The partnership aligns with CAE's commitment to Canadian innovation under the Industrial and Technological Benefits Policy, reinforcing its position as a leader in emerging technologies.
CAE is hosting an Investor Day on June 7, 2022, at the Lotte Palace in New York, aimed at capital market professionals including financial analysts and institutional investors.
The event will feature presentations on CAE's business, technology, market opportunities, and strategic initiatives, with interactive demos and Q&A sessions. The presentations will run from 8:30 a.m. to 12:15 p.m. ET, with a live webcast available for those unable to attend in person. An online recording will be accessible afterwards on their investor website.
CAE reported strong Q4 FY2022 results, achieving $955.0 million in revenue, a 7% increase year-over-year, and $0.17 EPS, up from $0.07 in Q4 last year. Annual revenue reached $3.4 billion, a 13% gain, with diluted EPS rising to $0.45 from a loss of $0.17. Noteworthy was the record order intake of $4.1 billion, contributing to a backlog of $9.6 billion. The company generated $187.6 million in free cash flow, resulting in a 131% cash conversion.
CAE will announce its FY2022 Q4 and full-year financial results on May 31, 2022, after market close. A conference call is scheduled for June 1, 2022, at 8:30 a.m. ET to discuss these results. Key executives, including President Marc Parent and CFO Sonya Branco, will participate to provide insights. The call is intended for analysts, institutional investors, and the media, with a Q&A session following the presentation. The meeting will be broadcast live and archived on CAE's website.
